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Alamos Co. exchanged equipment and $18,700 cash for similar equipment. The book value and the fair value of the old equipment were $81,800 and $91,700,

Alamos Co. exchanged equipment and $18,700 cash for similar equipment. The book value and the fair value of the old equipment were $81,800 and $91,700, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain/(loss) of: $0. $9,900. $(9,900). $28,600

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